Ripple’s xCurrent is now being tested by banks in Latin America

After Ripple’s entrance in the Brazilian markets, several banks such as Banesco Panama and Scotiabank Chile have committed to testing out the company’s xCurrent platform in order to move capital. Both of the banks are participants in Ripple’s new initiative to cover the whole Latin American market for providing blockchain-based services in the payment systems. According to reports, all parties involved are maintaining a close relationship with local regulators in order to ensure the test’s legality in all jurisdictions of the region. Should the testing phase go smoothly, Ripple will have the opportunity to cover countries like Puerto Rico, Spain,